First Merchants (FRME) Research & Development (2010 - 2026)
First Merchants posted quarterly Research & Development of $7.2 million for Q1 2026, up 21.27% year-on-year from $5.9 million in Q1 2025, and down 4.25% on a QoQ basis from $7.5 million in Q4 2025.
First Merchants (FRME) has 17 years of Research & Development data on file, last reported at $7.2 million in Q1 2026.
- For the quarter ending Q1 2026, Research & Development rose 21.27% year-over-year to $7.2 million; the trailing twelve-month figure through Mar 2026 stood at $28.7 million (up 9.81% YoY), and the FY2025 full-year result was $27.5 million, up 1.28% from the prior year.
- Research & Development for Q1 2026 stood at $7.2 million, down from $7.5 million in the prior quarter.
- Across five years, Research & Development topped out at $7.5 million in Q4 2025 and bottomed at $4.4 million in Q1 2022.
- The 5-year median for Research & Development is $6.6 million (2023), against an average of $6.4 million.
- The widest annual swing landed in 2022, when Research & Development soared 42.41%; it then retreated 13.94% in 2025.
- A 5-year view of Research & Development shows it stood at $5.6 million in 2022, then increased by 4.71% to $5.9 million in 2023, then gained by 2.62% to $6.0 million in 2024, then rose by 24.55% to $7.5 million in 2025, then dropped by 4.25% to $7.2 million in 2026.
- The last three Research & Development figures came in at $7.2 million (Q1 2026), $7.5 million (Q4 2025), and $6.9 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of Chile | 90,891.20 Bn | 90,891.20 Bn | - | - |
| 2 | Bank Bradesco | 6,807.69 Bn | 6,791.75 Bn | - | - |
| 3 | Lloyds Banking | 426.28 Bn | 426.28 Bn | - | - |
| 4 | NatWest | 184.56 Bn | 184.56 Bn | - | - |
| 5 | First Capital | 181.18 Bn | 181.03 Bn | - | 1.10 Mn |
| 6 | Landmark Bancorp | 164.67 Bn | 164.64 Bn | - | 554,000.00 |
| 7 | Deutsche Bank Aktiengesellschaft | 161.63 Bn | -151,939.28 Bn | - | - |
| 8 | KB Financial | 150.02 Bn | 142.15 Bn | - | - |
| 9 | Pnc Financial Services | 88.79 Bn | 88.84 Bn | - | - |
| 10 | First Merchants | 2.44 Bn | 2.44 Bn | -1.01 Mn | 7.19 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 7.19 Mn |
| Dec 31, 2025 | 7.51 Mn |
| Sep 30, 2025 | 6.94 Mn |
| Jun 30, 2025 | 7.11 Mn |
| Mar 31, 2025 | 5.93 Mn |
| Dec 31, 2024 | 6.03 Mn |
| Sep 30, 2024 | 7.15 Mn |
| Jun 30, 2024 | 7.07 Mn |
| Mar 31, 2024 | 6.89 Mn |
| Dec 31, 2023 | 5.88 Mn |
| Sep 30, 2023 | 6.57 Mn |
| Jun 30, 2023 | 6.60 Mn |
| Mar 31, 2023 | 6.11 Mn |
| Dec 31, 2022 | 5.61 Mn |
| Sep 30, 2022 | 6.83 Mn |
| Jun 30, 2022 | 4.88 Mn |
| Mar 31, 2022 | 4.36 Mn |
| Dec 31, 2021 | 4.58 Mn |
| Sep 30, 2021 | 4.79 Mn |
| Jun 30, 2021 | 4.70 Mn |
| Mar 31, 2021 | 4.24 Mn |
| Dec 31, 2020 | 3.84 Mn |
| Sep 30, 2020 | 3.78 Mn |
| Jun 30, 2020 | 2.62 Mn |
| Mar 31, 2020 | 4.20 Mn |
| Dec 31, 2019 | 4.43 Mn |
| Sep 30, 2019 | 4.44 Mn |
| Jun 30, 2019 | 3.93 Mn |
| Mar 31, 2019 | 3.68 Mn |
| Dec 31, 2018 | 3.37 Mn |
| Sep 30, 2018 | 3.42 Mn |
| Jun 30, 2018 | 3.46 Mn |
| Mar 31, 2018 | 2.96 Mn |
| Dec 31, 2017 | 3.38 Mn |
| Sep 30, 2017 | 3.16 Mn |
| Jun 30, 2017 | 3.09 Mn |
| Mar 31, 2017 | 2.62 Mn |
| Dec 31, 2016 | 2.67 Mn |
| Sep 30, 2016 | 2.38 Mn |
| Jun 30, 2016 | 2.03 Mn |
| Mar 31, 2016 | 2.07 Mn |
| Dec 31, 2015 | 1.63 Mn |
| Sep 30, 2015 | 1.99 Mn |
| Jun 30, 2015 | 1.77 Mn |
| Mar 31, 2015 | 1.72 Mn |
| Dec 31, 2014 | 1.59 Mn |
| Sep 30, 2014 | 1.85 Mn |
| Jun 30, 2014 | 2.04 Mn |
| Mar 31, 2014 | 1.83 Mn |
| Dec 31, 2013 | 1.21 Mn |
| Sep 30, 2013 | 1.52 Mn |
| Jun 30, 2013 | 1.39 Mn |
| Mar 31, 2013 | 1.48 Mn |
| Dec 31, 2012 | 1.36 Mn |
| Sep 30, 2012 | 1.41 Mn |
| Jun 30, 2012 | 1.51 Mn |
| Mar 31, 2012 | 1.38 Mn |
| Dec 31, 2011 | 1.38 Mn |
| Sep 30, 2011 | 1.39 Mn |
| Jun 30, 2011 | 1.46 Mn |
| Mar 31, 2011 | 1.45 Mn |
| Dec 31, 2010 | 1.15 Mn |
| Sep 30, 2010 | 1.35 Mn |
| Jun 30, 2010 | 1.31 Mn |